This transaction completes Enterprise's exit from the Capital Purchase Program
As part of the Capital Purchase Program
, the Treasury acquires preferred stock positions in banks under the Treasury's Troubled Asset Relief Program.
9 November 2012 - Enterprise Financial Services Corp (NASDAQ: EFSC) said it has repurchased the USD35m in preferred stock it issued to the US Treasury under the Troubled Asset Relief Program Capital Purchase Program
the private holding company for Metropolitan National Bank of Little Rock--have said they will participate in the Troubled Asset Relief Program Capital Purchase Program
, which is part of last fall's congressional "bailout" of the financial services industry.
Treasury a total of USD 45 m of the remaining USD 176m of the USD 216m it received under the Capital Purchase Program
, plus an accrued dividend of USD 475,000.
Home BancShares also issued 50,000 shares of preferred stock totaling $50 million to the Department of Treasury under the Capital Purchase Program
of the Emergency Economic Stabilization Act of 2008.
Department of Treasury under its Troubled Asset Relief Program Capital Purchase Program
at a price of USD243.